{"id":448433,"date":"2023-10-17T15:40:51","date_gmt":"2023-10-17T15:40:51","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=448433"},"modified":"2023-10-17T15:40:51","modified_gmt":"2023-10-17T15:40:51","slug":"binance-uk-suspends-new-user-registrations-as-fca-clamps-down","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/binance-uk-suspends-new-user-registrations-as-fca-clamps-down","title":{"rendered":"Binance UK Suspends New User Registrations As FCA Clamps Down"},"content":{"rendered":"
Binance UK said it blocked new users from its exchange so that it remain compliant with new rules governing how it communicates with local investors.<\/span><\/p>\n Binance suspended the onboarding of new users from Oct, 16 at 5 p.m. UK time, it said<\/a>. Existing users still have access to their funds and the exchange’s services provided they complete the “Investor Declaration and Appropriateness Test,” it added. <\/span><\/p>\n The decision came after its marketing partner, Rebuildingsociety.com Ltd (REBS), was subjected to legally binding restrictions on October 10 by the UK’s Financial Conduct Authority (FCA). <\/span><\/p>\n The restrictions prevent it from approving Binance’s communications with local investors, as is required by the FCA under new rules<\/a> that came into effect Oct. 8. <\/span><\/p>\n Binance halts onboarding of new UK users<\/p>\n Crypto exchange Binance will stop accepting users in the United Kingdom as of 5 p.m. local time on Oct. 16. According to Binance’s announcement, the move came after the country’s Financial…https:\/\/t.co\/3f8hS6Lsm4<\/a><\/p>\n — Block Journal (@blockjournal) October 16, 2023<\/a><\/p><\/blockquote>\n\n